Liberty Gold releases feasibility study for Idaho gold project

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Liberty Gold Announces Black Pine Feasibility Study with US$2.4 Billion NPV(5%) and 60% IRR at $3,250/oz Au (after-tax)

September 8, 2026 6:00 AM EDT

16-year mine life with life-of-mine average payable gold production of 176,700 oz per year and AISC1 of $1,566/oz Au

Average payable gold production of 202,000 oz per year in Years 1-5

US$411 million initial capital requirement for a large-scale, open-pit, run-of-mine heap leach operation with a 4.04 million oz Au Mineral Reserve

Base case after-tax NPV(5%) to initial capital ratio of 5.8 and payback of 2.0 years

Strong economics across a range of gold prices (after-tax):

NPV(5%) US$4.3 billion and 104% IRR at... More